Kuwait’s IPG to alleviate Zimbabwe fuel crisis
Cash strapped Zimbabwe has decided to purchase $10 million worth of fuel from Kuwait’s Independent Petroleum Group (IPG), seeking a to alleviate critical fuel shortages which have disrupted life in the African state, reported the Herald. Acute fuel shortages have been a regular feature in Zimbabwe for the past few years.
Supplies are expected to arrive in a few days time, according to Zimbabwean Power Development Minister Amos Midzi. The source of the scant foreign currency allocated to cover the fuel import deal was not disclosed. The Zimbabwean government, headed by President Robert Mugabe, already owes IPG $65 million.
Up until Zimbabwe’s latest crisis, Libya’s Tamoil supplied 70 million of the country's fuel needs, while Kuwait’s IPG delivered up to 30 percent of its requirements. IPG has recently reopened fuel links to Zimbabwe, via South Africa. Kuwaiti fuel is transported from Beira to Msasa Noczim depot. — (menareport.com)
© 2002 Mena Report (www.menareport.com)